Archive | Interest under section 234C

Return filing for FY 2015-16 may be keeping you busy, but don’t forget to deposit advance tax timely. What is advance tax? Advance tax is applicable if your annual tax liability exceeds Rs 10,000. Advance tax means you should deposit tax with the government in advance instead of paying a lump sum at year end. Advance tax […]

Start-ups jobs are fairly common in India and have given ESOPs immense popularity. Several large American organisations with employees in India also offer ESOPs. Let’s understand how ESOPs are taxed. Before we begin to understand taxation of ESOPs, here are some key terms ESOP – or Employee Stock Option Plan allows an employee to own […]

Even though it’s not time to file your tax return for this financial year (FY 2015-16) yet, make sure your tax dues are paid in full. Tax rules require you pay all your taxes by 15th March. Quick 3 facts you need to know – Pay all your taxes – Your taxes work very differently […]

31st March is an important date if you earn salary. Our incomes are taxed from one financial year to another. A tax return is filed for your total income earned from 1st April 2014 to 31st March. Its ok, if you haven’t yet filed a tax return, we can help you prepare and file it. Why file a […]

If you expect your total tax dues to exceed Rs 10,000 in financial year 2015-16, advance tax rules may apply to you. What this means is that instead of paying lump sum taxes, your taxes must be paid at regular intervals. These intervals are as per the advance tax payment schedule of the Income Tax […]

See an interest under section 234C charged in your return and not sure how it has been calculated? We help you understand how 🙂 Interest is charged at the rate of 1% simple interest for the period of delay for each instalment on the amount that is short paid. Fractions of hundreds are ignored and days […]